陆家嘴财经早餐2024年11月16日星期六

Economic Overview - In October, China's national economy showed steady progress with significant recovery in key economic indicators. The industrial added value increased by 5.3% year-on-year, retail sales of consumer goods grew by 4.8%, and the service production index rose by 6.3% [1] - The urban surveyed unemployment rate in October was 5.0%, a decrease of 0.1 percentage points from the previous month [1] - Fixed asset investment from January to October increased by 3.4% year-on-year, while real estate development investment fell by 10.3% [1] Real Estate Market - In October, among 70 large and medium-sized cities, 7 cities saw new home prices rise month-on-month, an increase of 4 from the previous month, while 8 cities experienced a rise in second-hand home prices, up by 8 from the previous month [1] - The survey indicated that 75.9% of respondents expect new home prices to remain stable or increase in the next six months, up by 17.6 percentage points from September [1] Alibaba Financial Performance - Alibaba reported a revenue of 236.5 billion yuan for the second fiscal quarter of 2025, a year-on-year increase of 5%. Operating profit also rose by 5% to 35.2 billion yuan, while net profit attributable to ordinary shareholders surged by 63% to 43.9 billion yuan [2] - The company has been actively repurchasing shares, spending 4.1 billion USD (approximately 39.6 billion yuan) to buy back 414 million shares, reducing the number of circulating shares by 2.1% since June [2] Global Market Trends - The US stock indices closed lower, with the Dow Jones down 0.7%, the S&P 500 down 1.32%, and the Nasdaq down 2.24%. This week, the S&P 500 and Nasdaq recorded their largest weekly declines since September [3] - European major indices also fell, with the German DAX down 0.27% and the French CAC40 down 0.58% [4] Commodity Market - International oil prices declined, with US crude for December delivery falling by 2.55% to 66.95 USD per barrel, marking a weekly drop of 4.87% [4] - The price of battery-grade lithium carbonate in China dropped by 340 yuan to 78,700 yuan per ton, ending a five-day increase [26] Financial Regulations - The National Financial Regulatory Administration issued guidelines for the management of non-performing assets by financial asset management companies, emphasizing the need for authenticity and risk transfer in asset acquisition [16] - The China Securities Regulatory Commission released guidelines on market value management for listed companies, clarifying responsibilities and prohibiting illegal activities under the guise of market value management [10]